a strong patients’ voice to drive better health in europe annual general meeting may 2010,...

A STRONG PATIENTS’ VOICE TO DRIVE BETTER HEALTH IN EUROPE

Annual General Meeting May 2010, Brussels

Accounts 2009 +Budget 2010

o 2009 - a good financial year for EPF

o Strong cash position at the end of the year

o Reserves policy on track (6 Months)

Key Points

o Commitment to transparency

o Continued commitment to diversity of funding

o New sponsorso Foundationo Commission Funded Projects

Key Points

Income 2008 versus 2009

(EUR) 2008 2009

Membership fees 7 252 7 250Core Grant 322 500 342 858

Events 144 200 135 000Projects 103 263 186 296

Interest - Other Income 12 310 6007

Total income 589 530 677 411

Expenditure 2008 versus 2009(EUR) 2008 2009

Staff and fees -261 551 - 301 388-Office costs -66 682 - 64 503

Travel -27173 - 40 600Events -139 007 - 149 406

Projects -139 424 -179 002Communications -20 956 -17 359

Bank fees -11 555 - 5 710

Total -666 350 - 757968

Secretariat income 136 472 152,811

Surplus 2008 versus 2009

(EUR) 2008 2009

Surplus for year 60 000 72 255

Reserves (EUR)

(EUR) 2008 2009

RESERVES 280 000 352 255

EPF income, mgt accounts (EUR ‘000)

2009Total Income 677

Membership 7

Core Grants 343

Events 135

Projects 186

Interest 6

2008Total Income 589

Membership 7Core grants 323Events 144Projects 103Interest 12

EPF Expenditure Allocation (mgt accounts) EUR ‘000

Projects

2008Total Expenditure: 666

Governance 35Policy 241Projects 180Capacity Building 40Communications 50Conference 120

2009Total Expenditure:

757

Governance 43Policy 280Projects 179Capacity Building 85Communications 50Conference 120

Our auditing standards require that we plan and perform our audit to obtain reasonable assurance about whether the financial statements are free of material misstatement.

In our opinion, the financial statements for the year ended 31 December 2009 give a fair view of the organisation’ assets, liabilities, financial position and results of operations.

Auditor’s Report

Budget 2010 (EUR ‘000)

Income estimate609

Core grants 330

Events 185

Projects 84

Membership, Interest 10

Expenditure es-timate 608

Governance 60Policy 235Projects 83Capacity Building 90Communications 80Conference 60

o Prudent budget o Income secured for 2010 (Commission and Sponsors)o Cash-flow as forecasto Mid –Year Financial Review by Board

Budget 2010 - Key Points

o Financial strategy includes:

o Project funding in line with policy priorities (FP7/public health)

o Invitations to Tendero Foundationso Continued diversification - Non pharma

2011 and beyond

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A STRONG PATIENTS’ VOICE TO DRIVE BETTER HEALTH IN EUROPE